June 27, 2001
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June 26, 2001
Bank of Canada Governor says Canada's monetary policy approach works
The Governor stressed that the real value of a floating currency for Canada is that it helps absorb some of the impact of external shocks that affect Canada differently than the United States because of important differences in the economic structures of the two nations.
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June 4, 2001
Bank of Canada Announces Appointment of Special Adviser
Professor John Chant of Simon Fraser University has been chosen to fill the visiting economist position of Special Adviser in the Bank of Canada for a one-year term beginning in September 2001.
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May 29, 2001
Bank of Canada lowers key policy rate by 1/4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is reduced by one-quarter of one percentage point to 4 3/4 per cent.
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May 23, 2001
Mark Jewett Appointed General Counsel to the Bank of Canada
The appointment of Mark Jewett as General Counsel and Corporate Secretary to the Bank of Canada has been approved by the Board of Directors of the Bank. Mr. Jewett will work in close collaboration with the Governing Council of the Bank on all management and financial stability matters. He will join the Bank on 25 June 2001.
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May 18, 2001
Bank releases background information on renewal of the inflation-control target
The Bank of Canada today released the document Renewal of the Inflation-Control Target: Background Information, which provides additional details on the target arrangements and on how the Bank plans to implement them in order to increase the predictability of inflation over the longer term. This release follows the announcement yesterday by the Government of Canada and the Bank that the inflation-control target is being renewed for a period of five years to the end of 2006.
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May 17, 2001
Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target
The objective of Canada's monetary policy is to support and advance national economic well-being by contributing to sustained economic growth, rising levels of employment and improved living standards. The best contribution monetary policy can make to securing this outcome is to preserve confidence in the value of money by providing individuals and businesses with the certainty of a stable, low-inflation environment for their economic decisions.
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May 1, 2001
Bank of Canada releases semi-annual Monetary Policy Report
The Bank of Canada today released its thirteenth semi-annual Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy. The Monetary Policy Report is published every May and November.
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April 20, 2001
Governor talks about the Bank of Canada's contribution to monetary and financial stability and about the current economic situation
n a speech today to The Vancouver Board of Trade, Governor David Dodge said that the Bank of Canada contributes to the economic well-being of Canadians by preserving confidence in the value of money and by promoting the safety and soundness of Canada's financial system.
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April 17, 2001
Bank of Canada lowers Bank Rate by 1/4 per cent
The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 per cent. The operating band for the overnight rate* is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 4 3/4 per cent.
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